Operational Risk - VP

Nomura; New York (NY); On-site; USD 160,000 - 185,000; Full time

Job summary

Nomura is seeking a Vice President in Operational Risk Management for its Asset Management division in New York. The role includes overseeing operational risk, maintaining best practices, and leading special projects.

A successful candidate will possess over five years of experience in financial services risk management, focusing on Asset Management, and will have a solid understanding of operational risks and communication skills.

Qualifications

• Five or more years of relevant financial services risk management experience with exposure to Asset Management businesses.
• Solid understanding of principles and tools for assessing and managing operational risks.
• Experience in 1LOD, 2LOD or 3LOD in covering risk and control issues in Asset Management.

Responsibilities

• Contribute to global Operational Risk Management function and maintain best practices.
• Provide governance forums with information regarding Operational Risk exposures and control effectiveness.
• Lead special projects or initiatives regionally or globally.

Skills

Risk management experience

Understanding of operational risks

Communication skills

Job description

Job Title: Operational Risk Management, Asset Management
Corporate Title: Vice President
Department: Risk Management
Location: New York, Philadelphia

The pay range for this position at commencement of employment is expected to be between $160,000 and $185,000 per year. (see below footnote for additional compensation and benefits information).

Company Overview

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership.

Aon’s Benefit Index ® , Nomura’s benefits rank #1 amongst our competitors.

Department Overview

Risk Management supports Nomura to achieve its business goals by partnering with business units across the firm, providing independent advice to the Board and protecting the firm from exposure to losses as a result of credit, market, operational and other risks.

The Operational Risk Management (ORM) function is part of the Risk Management organization and is responsible for:

• Developing operational risk frameworks and policies
• Providing independent oversight over operational risks and challenge First Line of Defense
• Monitoring risk appetite compliance
• Reporting to senior management and committees

Role Description

This role will be part of the team overseeing the Investment Management Division (IMD) in the US and contributing to the global coverage team.

Key Responsibilities

• Actively contribute to the global Operational Risk Management function and Risk Management department to develop and maintain best in class technical, business and administrative practices
• Responsible for global operational risk coverage of assigned businesses, providing technical expertise and driving consistency in the application of risk and control assessment
• Provide senior leadership and governance forums with appropriate information regarding the Operational Risk exposures, control effectiveness and remedial actions
• Lead special projects / initiatives regionally or globally

Skills, Experience, Qualifications and Knowledge Required

• Five or more years of relevant financial services risk management experience with exposure to Asset Management businesses
• Solid understanding of principles and tools for assessing and managing operational risks
• Understanding of risk and control issues impacting Asset Management business lines
• Experience in 1LOD, 2LOD or 3LOD in covering risk and control issues in Asset Management
• Strong communication skills, both verbal and written; ability to produce concise and effective presentations

Nomura Competencies

Explore Insights & Vision

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future

Making Strategic Decisions

• Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations

Inspire Entrepreneurship in People

• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity

Elevate Organizational Capability

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing

Inclusion

• Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect)

If hired in the U.S., employee will be in an “at‑will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

Nomura is an Equal Opportunity Employer